Property Highlights Unit Mix: 14 units featuring an attractive configuration of 5 three-bedroom, 8 two-bedroom, and 1 one-bedroom floor plans. Unique Amenity: Every unit includes private patio yards, a rare feature in this submarket that supports premium rental pricing and long-term tenant retention. Value-Add Potential: The asset is primed for increased performance through continued renovation and strategic rent adjustments. Financial Performance Returns: Pro Forma: $129,893 NOI, delivering a 8.14% cap rate. Current Performance: 7.21% cap rate based on a 7% vacancy assumption and estimated underwritten NOI of $115,053.